What are the world’s biggest investment funds? Chances are that you’ll be able to guess that they’re mostly passive funds, and that a Vanguard fund sits at the top of the table ahead of State Street and BlackRock’s flagship S&P 500 index funds.
After all, thanks to their sprawling, fast-growing index fund franchises, BlackRock, Vanguard and State Street are often referred to as the investment industry’s “Big Three”. This is where the money is going these days, so naturally the biggest funds must be all theirs?
Wrong — partly at least.
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